In the Mood With Kim G C Moody

In this episode, Kim G C Moody discusses the upcoming 2026 trust reporting season it will be the first year of reporting for bare trusts since the new revised rules got passed into law in March 2026. Will these amendments make the reporting easier? No….have a listen to learn why. And what you - and the Canada Revenue Agency - can do to help make it a bit easier.

Gad Saad, the Canadian evolutionary psychologist and commentator, was stunned to learn what leaving Canada would cost him in Canadian “departure tax.” Kim G C Moody breaks down the actual tax mechanics behind non-residency and explains why the rule, while brutal, is entirely logical policy, not confiscation. Kim also digs into why so many successful Canadians are heading for the exits, and what Canada needs to do to stop the bleeding.

In this episode of In The Mood With Kim G C Moody Podcast, Kim discusses why policies that trap residents of a country - “adhesive residency” - is not a good idea. Whether that trap is by way of high tax rates, making it difficult to extricate from a country’s tax system - like Australia proposed in 2023 - or by way of making Canadian educated graduates pay an “exit fee” to reimburse government for the taxpayer portion of their funded education if they take positions outside of Canada (as former Google CFO Patrick Pichette recently proposed). Instead, doesn’t it make more sense for governments to develop great tax and economic policies that make wanting to stay in Canada a no-brainer? Kim discusses this and more.

In this episode of In the Mood With Kim G C Moody podcast, Kim makes the case that political tax gimmicks should be minimized notwithstanding tax and politics are like wine and cheese. He walks through some recent history of poor political tax gimmicks and reviews the latest - an enhanced GST credit / cash handouts rebranded as the Groceries and Essentials Rebate.  He makes the case for “Big Bang” personal tax reform (which would include material tax reduction and simplification) with significant reduction of government spending as a starting point to pay for such reductions.

In this episode of In The Mood With Kim G C Moody Podcast, Kim takes the listener through a 2025 Canadian tax policy in review.  He starts off in January 2025 with the capital gains proposal saga, the spring election and parliamentary session all the way through to the November 4, 2025 federal budget and some December CRA announcements.  He ends the podcast with a brief 2026 crystal ball peek.  Happy listening!

In this episode of In the Mood With Kim G C Moody Podcast, Kim G C Moody discusses the November 4, 2025 Canadian federal budget with an emphasis on the tremendous spending.  He discusses the minor tax content contained in the budget but states emphatically that the spending is the highlight reel matter.  It will have impacts for decades to come.  He also reviews the deceptive budgeting trick of “separating the capital budget and operating budget” which is designed to mislead the financially illiterate voter.  He ends the podcast with some comments on the conclusion of the “100-Day Plan” of the Canada Revenue Agency to improve its call centres and service standards….spoiler alert…the “Plan” was nothing more than a political exercise despite some modest efforts to deal with some symptomatic issues caused by long-standing and systemic issues within the CRA that need to be attacked and dealt with to improve services standards for the benefit of ALL Canadians.

In this episode, Kim G C Moody describes the proposal to change the way Canadian federal budgets are reported.  First proposed during the Liberal Party leadership campaign, Mr. Carney expressed his desire to “separate the capital budget from the operating budget”.  This old accounting trick has a long history that Kim wrote about in a March 2025 Financial Post article.  The obvious question is what is considered “capital” vs “operating” for purposes of classification since, obviously, the intention would be to shift expenditures to the capital column so as to reduce the overall “operating budget deficit”.  On October 6, 2025, the Department of Finance released its proposed definition of “capital” and, as expected, it is expansive and broad.  Overly broad.  And the independent Parliamentary Budget Officer agrees; it released a statement about that on October 7, 2025.  Kim discusses all of this and concludes by asking Canadians to not fall for this simple accounting trick and to be aware of this deceptive practice.

In this episode, Kim G C Moody discusses what Canadians can expect in the upcoming November 4, 2025 federal budget. He discusses the fact that the budget is unacceptably late, reviews the Liberal Party tax election promises, what tax measures “should” be in the budget (although they likely won’t be), the use of vacuous phrases like “spend less, invest more” and why it’s unacceptable and deceptive to “separate the capital budget from the operating budget." Kim discusses the precarious fiscal position that Canada is in given the huge spending and out of control deficits and the fact that the Parliamentary Budget Officer made some very blunt comments about this recently. Happy listening!

In this episode of In the Mood With Kim G C Moody Podcast, Kim comments on the huge federal spending commitments recently made by PM Carney. When asked by a reporter about the Parliamentary Budget Officer’s concerns about fiscal sustainability and whether or not there would need to be increased taxes to pay for such amounts, Mr. Carney rolled his eyes and proceeded to give a non-answer. Kim comments on this and the ultimate inevitable introduction of new / increased taxes.

In this episode, Kim G C Moody dives into a high-profile tax controversy involving NHL star John Tavares and the Canada Revenue Agency’s reassessment of his signing bonus from the Toronto Maple Leafs. If you've read recent media coverage on the issue, chances are you've seen more confusion than clarity, so I'm here to set the record straight. We explore how Canadian tax law and the Canada-U.S. tax treaty actually work when it comes to non-resident athletes receiving signing bonuses, and why the CRA’s approach in this case is, in my view, deeply flawed. I also address the misinformation being circulated by media outlets and self-proclaimed social media experts, and explain why allegations of “tax games” are ridiculous. This isn’t just about John Tavares—it’s about tax policy, legal interpretation, and Canada’s ability to remain an attractive destination for global talent. I close with a call for common sense: if Canada wants more tax revenue, it should negotiate smarter treaty terms; not litigate weak positions in court. Happy listening!